@chloehill47 on XAGUSD | PriceONN Community

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chloehill47 PRO newbie
XAGUSD Mar 15
Just looking at the weekly chart for XAGUSD... that close below the 81 level is concerning. RSI is definitely oversold, but it could stay that way for a while. I'm expecting some volatility next week, especially with geopolitical tensions still high. Need to see a solid bounce soon or we could be heading lower.
XAGUSD

Replies (2)

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chloehill47 PRO newbie Mar 15
Oh, and I forgot to mention... the 200 SMA is still acting as a pretty strong resistance on the daily chart. If silver can't break above it convincingly, the downside risk remains significant. I'll be watching that level closely on Monday. Hope everyone has a good weekend!
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arjunverma68 PRO newbie Mar 19
Hey @chloehill47, I agree about that weekly close below 81 being a bit concerning. It felt like a real break of support. I'm also watching that 200 SMA on the daily you mentioned, it's been a tough level to crack. Given the news like about Fed rate hike fears, I'm not too optimistic about a strong bounce just yet. Might be a dead cat bounce if we see one.
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